“BP is running full page ads (like the two attached below) in the Wall Street Journal and other major newspapers. This is exactly what I was talking about in my blog posting, Statement #88 on November 25, 2013, when I said “Frivolous civil lawsuits have become a major U.S. industry, yet they reduce overall economic activity and are destroying our American culture of entrepreneurial risk-taking and personal responsibility (my loss is someone else’s fault).” And I also said, “In America, it is not unfair to say that plaintiffs’ lawyers legally ‘extort’ billions every year from honest institutions and individuals in the private sector. Our society today seems to accept the fact that we have become such a litigious nation. Some may even hope that that one day they might be the beneficiary of ‘millions’ from suing, America’s version of the ‘legal lottery winner’.” Thank you BP for standing up and helping to publicize this terrible civil legal system we have here in the U.S.” Mike Perry, former Chairman and CEO, IndyMac Bank

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